‘Advice to sellers’ Category Archives

30
Aug

What is the latest news on Vaal River properties? What is the market doing?

by Annalien in Advice to sellers, FAQs, Uncategorized

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We are happy to report that, in spite of the depressed economic climate, we are (as always) still inundated with inquiries for river properties. The Vaal River is still a place where people want to spend their weekends and it has been like that for as long as I can remember - having grown up ...

7
Apr

I am looking for bargains on the river, any property that is, well, like a stressed sale?

by Annalien in Advice to buyers, Advice to sellers

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I  hear the words "it is a buyer's market" more times a week than what I really want to. It seems to me that buyers take this to mean that there must be many of the river properties on the market at highly reduced prices. Well, no, that is not the case and that is not ...

25
Jan

What is the worth of my Vaal River home?

by Annalien in Advice to sellers, Property market

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Vaal River properties of all shapes and sizes are immensely popular and in demand. However, if you want to know what the majority of buyers are looking for, here are the most requested aspects that will give added value to your river property: Boatable water.  9 out of 10 buyers are looking for close proximity to the ...

24
Feb

What is rezoning and subdivision?

by Annalien in Advice to sellers, FAQs

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Q&A

Zoning means the way a property has been registered in terms of its uses and rights, ie the right to use it as residential, for  agriculture, or for business practices or industrial. Each of these categories are subdivided into 4 sub categories indicating the density of buildings allowed on the property. Eg: Residential 1: is the zoning which ...

9
Jan

What is the use of a bond originator?

by Annalien in Advice to sellers, FAQs

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Bond originators can greatly improve your chances of getting a loan from a bank, because: They understand the banks. They understand the system and the requirements, so they save time and present your application in the right way. Their services are free for the customer as they get paid by the banks. They present your application in the right way ...

26
Jun

Selling your property in a difficult market

by Anja du Preez in Advice to sellers

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We’ve recognised a new trend in the property market where sellers consider selling their houses without a bank assisting a buyer with a mortgage bond According to a recent article on Property 24, the bond approval rate is currently around the 50 % mark. This article also believes that this rate is improving, although buyers will ...

18
Jan

What is more expensive?

by Annalien in Advice to buyers, Advice to sellers, FAQs

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What is more expensive? Sectional title or full title homes? "At stages during the pre-2008 house price boom, the average price of a three-bedroom sectional title home was in excess of 20 percent higher than the average for a three-bedroom full title home". According to an IOL Property newsletter that is no longer the case, as the ...

16
Jan

Can a buyer revoke his offer to purchase of a property?

by Annalien in Advice to sellers, FAQs

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A buyer may revoke his offer to purchase, if: The purchase price of the property is R250 000 or less, and The offer was made by a natural person (not a company or CC), and It is done within 5 days, in writing, and The property was not bought on auction.

4
Jan

What is the difference between a mandate, an open mandate, a sole mandate and an exclusive sole mandate?

by Annalien in Advice to sellers, FAQs

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What is a mandate? When a seller instructs an agent to sell his property in return for payment in the form of commission and the agent accepts the instruction, a mandate has been formed. What is an open mandate? This means that any agent who received a mandate is entitled to market and sell the property. No agent ...

13
Nov

When will I be paying Capital Gains Tax on my primary home?

by Annalien in Advice to sellers, FAQs

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CGT forms part of your income tax and is a tax on the profits you make from selling something that you own (that is not otherwise taxed) It therefore only comes into effect when you dispose of an asset, called a CGT event. You will NOT be paying CGT on your primary residence if: it is registered in the ...

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